XRP has struggled to maintain momentum over the past few days, slipping closer to the critical $2.00 support level. The lack of growth has increased uncertainty among investors, particularly as long-term holders (LTH) appear on the verge of triggering further downside pressure.
While some investors are showing signs of renewed accumulation, XRP’s future direction remains uncertain as opposing forces shape its next move.
XRP Holders Could Potentially Sell
The Long-Term Holder Net Unrealized Profit/Loss (LTH NUPL) indicator is nearing the crucial 0.5 threshold, signaling potential weakness. Historically, a drop below this level has coincided with significant price corrections as investors rush to secure remaining gains. Should the indicator slip further, selling pressure could intensify across the market.
This shift may lead to a self-fulfilling decline, as profit-taking among seasoned holders creates additional supply. Such selling behavior could push XRP prices lower, potentially erasing short-term gains and dampening investor confidence further.
On the other hand, exchange data provides a glimmer of optimism. Over the past week, investors have withdrawn more than 140 million XRP — worth approximately $309 million — from exchanges. This accumulation reflects renewed faith among buyers and could act as a cushion against large-scale selling from long-term holders.
However, for XRP to sustain its price level and recover from current pressures, this buying trend must continue. Without sufficient accumulation, the broader market might struggle to counteract the potential sell-off, limiting XRP’s ability to stabilize or regain lost ground.
XRP Price Is Sliding
At the time of writing, XRP is priced at $2.21, trading below the key resistance at $2.27. If long-term holders begin selling aggressively, the altcoin could fall toward $2.00, marking a 9% decline from current levels.
A drop to $2.00 would require XRP to break through supports at $2.13 and $2.02, both critical levels for short-term stability. If these fail to hold, the altcoin could experience accelerated losses.
However, if investor sentiment strengthens, XRP could rebound above $2.27 and aim for $2.35. A decisive break beyond $2.54 would confirm recovery and invalidate the current bearish outlook, signaling renewed bullish control.
Bitrue